Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

The dictator of a small country restricts the price of cars to an amount less than or equal to $1,200 (a price below the equilibrium price for cars). Such a policy would set a:

Sagot :

The policy that can be brought about by the action of the dictator is a price ceiling.

What is price ceiling?

Price ceiling simply means when the government decides the maximum price of a good.

In this case, when the dictator of a small country restricts the price of cars to an amount less than or equal to $1,200 which is a price below the equilibrium price for cars, the policy would set a price ceiling.

Learn more about price ceiling on:

https://brainly.com/question/1448982

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.